Bill Miller buys JC Penney debt for new high income fund
Legg Mason Opportunity Trust Manager Bill Miller said he bought JC Penney debt for a new fund. Miller holds the record of beating the US benchmark for 15 years.
Fashion/Clothing
China's Secondhand Luxury Shopping Industry Sees Surge in Sales!
This trend shows that Chinese people still want to be luxurious but are okay with secondhand goods.
Nike Set to Revamp MLB Uniforms by 2025 Following Player Complaints: Union Memo
Nike designed the uniforms, which made their widespread appearance this season, and Fanatics manufactured them...
Titanic Gold Pocket Watch Found on the Body of Its Wealthiest Passenger Is Up for Auction
A gold pocket watch recovered from the body of the wealthiest man aboard the Titanic is up for auction and could sell for as much as £150,000, or nearly $190,000...
Hugo Boss Is Finally Leaving Russia After the German Fashion House Agrees to Sell Russian Business to Stockmann
German fashion house Hugo Boss announced Wednesday that it had agreed to sell its Russian operations to wholesale partner Stockmann, marking the end of its presence in Russia...
FTC Sues to Block $8.5 Billion Merger of Coach and Michael Kors Handbag Makers
The Federal Trade Commission (FTC) has taken legal action to block Tap...
FTC Sues to Block Tapestry's $8.5 Billion Takeover of Capri Holdings in Massive Luxury Fashion Merge
The Federal Trade Commission filed a lawsuit on Monday to halt Tapestr...
Latest News
Sears Canada to sell half of real estate ownership for CAD315 million
Canadian retailer Sears Canada would be exiting from its ownership in eight real estate properties for CAD315 million after suffering from company losses.
Robinson's IPO affected by Typhoon Haiyan
Money managers saw the retreat of IPO valuations for the Robinson's Retail Holdings Inc's IPO due to the devastation wreaked by Typhoon Haiyan.
Moncler needs to go beyond ski jackets for IPO success- report
Moncler would need to offer more than skiwear if it wants its initial public offering to be a success, according to a Bloomberg report.
BHS faces rumors about foreign buyouts
British Home Stores (BHS) faced rumors about foreign companies trying to convince Sir Philip Green to sell the troubled department store chain.
'Lifestyle brand' reinvention to boost profit stream
US manufacturers Remington and Winnebago recently branched out to clothing and accessories, outdoor apparel and camping gear.
Investors diverge on future of JCPenney
Depending on their risk interpretation of the current debt situation of JCPenney under new CEO Mike Ullman.
Top deals of the day - Meragers & Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Friday.
Richemont rules out brand sales
Geneva-based luxury-goods retailer Compagnie Financiere Richemont announced its decision to invest rather than divest in its struggling brands.
Essilor International acquires sunglass maker Costa
Essilor International paid USD21.50 per share for Costa purchase.
